Shinhan Card, South Korea’s prime bank card firm, has been granted a patent for a blockchain cost system. As reported by The Korea Times on Monday, the Shinhan Financial Group affiliate stated it has developed a “world-first” service based mostly on blockchain know-how that gives bank card performance, together with setting spending limits, making month-to-month installments and […]
Chinese private equity firm Centurium raises over $2 billion in debut fund
FILE PHOTO: CEO of Luckin Coffee Jenny Qian Zhiya (third R), non-executive chairman of Luckin Coffee Charles Zhengyao Lu, and David Li, co-founder and CEO of Luckin’s backer Centurium Capital have fun the primary commerce of the corporate’s inventory through the IPO on the Nasdaq Market website in New York, U.S., May 17, 2019. REUTERS/Brendan […]
Apollo head Leon Black says he ‘absolutely’ has some regrets taking firm public
It is hard to think about a person worth $6.5 billion having many regrets in his enterprise life, however Leon Black, chairman and CEO of other asset and private-equity supervisor Apollo Global Management LLC, stated that he has some regrets about taking his firm public eight years in the past. “Regrets? Absolutely. The public market […]
Morgan Stanley holds top spot as activist defense firm: data
BOSTON (Reuters) – Morgan Stanley was ranked as the top adviser to corporations focused by activist buyers publicly for the third straight yr in 2018 whereas Goldman Sachs vaulted previous two rivals to the quantity No. 2 spot, based on Refinitiv data revealed on Thursday. An indication is displayed on the Morgan Stanley constructing in […]
TPG Rise founder leaves firm in wake of U.S. college admissions scandal
NEW YORK (Reuters) – TPG Capital senior government Bill McGlashan on Thursday left the personal fairness firm after he was charged in reference to a U.S. college fraud scheme that has ensnared Hollywood celebrities and company elite. A plaque is pictured at University of Southern California in Los Angeles, California, U.S., March 13, 2019. REUTERS/Mario […]
U.S. charges My Big Coin virtual currency firm founder with fraud
BOSTON (Reuters) – The founder of a Nevada-based firm was arrested on Wednesday on federal charges he participated in a $6 million scheme to defraud individuals who needed to purchase a virtual currency referred to as My Big Coin that he claimed was backed by gold. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and […]
Startups-Focused Law Firm Now Accepts Bitcoin Payments
Cryptocurrency ventures that don’t want to convert their holdings to fiat can now pay for authorized providers with bitcoin money (BCH) or bitcoin core (BTC) with Atrium. The company regulation agency, which has helped over 300 startups increase greater than $500 million in enterprise capital, now accepts direct cryptocurrency funds by way of Bitpay. Also […]
Starboard Value co-founder Mark Mitchell retires from firm
NEW YORK (Reuters) – Mark Mitchell, the co-founder of Starboard Value LP who helped flip it into considered one of Wall Street’s most high-profile activist hedge funds, retired from the New York-based firm earlier this month, individuals conversant in the matter stated on Friday. Mitchell retired from Starboard efficient Jan. 15, in accordance with an […]
Bitcoin holds firm after VanEck and SolidX pull ETF proposal
Bitcoin costs have been holding firm on Thursday, regardless of the withdrawal of a extensively adopted bitcoin-backed exchange-traded fund proposal. On Thursday, bitcoin, BTCUSD, +0.20% the world’s largest digital […]
Proxy advisory firm ISS backs two dissident nominees in Luby’s fight
NEW YORK (Reuters) – Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby’s Inc after the present board oversaw “alarming underperformance” on the informal eating chain. ISS advisable votes for Jeff Gramm, whose hedge fund Bandera Capital is operating the proxy contest, and his father, Philip Gramm, a […]